Wells Fargo Grants $500,000 to Help Revitalize Tucson
May 20 2015 - 12:45PM
Business Wire
Community Food Bank of S. AZ, Pima Council on
Aging, Tucson Clean and Beautiful-Trees for Tucson, Tucson Urban
League, Old Pueblo Community Services, Our Family Services, Pima
Community College Foundation to benefit from NeighborhoodLIFT
program funds
Wells Fargo & Company (NYSE:WFC), one of America’s leading
community banks and the nation’s largest home mortgage lender,
today announced donations totaling $500,000 to seven local
nonprofits to help strengthen and revitalize Tucson neighborhoods
through the Wells Fargo NeighborhoodLIFT® program.
The local grant recipients were identified in close
collaboration with Tucson Mayor Jonathan Rothschild to support five
key areas: Support services for the homeless, neighborhood
beautification and improvement, education and workforce programs,
food access, and economic growth.
Wells Fargo has presented $500,000 in grants to the following
Tucson nonprofits:
- Community Food Bank of Southern
AZ -- $25,000 to support nutritional health and help Tucson
residents overcome hunger and poverty.
- Pima Council on Aging -- $50,000
to support senior housing assistance to help at-risk seniors remain
in their own homes for as long as possible.
- Tucson Clean and Beautiful-Trees for
Tucson -- $50,000 to support neighborhood beautification and
build environmental stewardship to make neighborhoods safer and
more livable.
- Tucson Urban League -- $75,000
to support the Career Yes workforce development and education
program.
- Old Pueblo Community Services --
$100,000 to support permanent supportive housing for homeless
veterans.
- Our Family Services -- $100,000
to support transitional housing for homeless adults who come from
backgrounds of severe abuse and neglect.
- Pima Community College
Foundation -- $100,000 to support workforce development and
education.
The grants are funded through Wells Fargo’s NeighborhoodLIFT
program that was launched in 2012. The program is an innovative
effort created to help revitalize neighborhoods and help people buy
homes by making properties more affordable with down payment
assistance available for eligible prospective buyers. Since 2012
LIFT programs have helped create more than 9,300 new homeowners in
34 communities with down payment assistance and homebuyer
education.
“Wells Fargo is the leading mortgage lender in Arizona and we
are proud to support our communities to help ensure a thriving and
healthy community base,” said John Gibson, Greater Southern Arizona
area president for Wells Fargo. “The nonprofits are actively
leading efforts to help strengthen neighborhoods, address
homelessness, and promote jobs and education programs, and we are
excited to help support their tremendous efforts with the
NeighborhoodLIFT program local initiatives funds.”
“Wells Fargo’s NeighborhoodLIFT program has already helped to
boost homeownership and reduce the inventory of vacant houses,”
said Jonathan Rothschild, Mayor of Tucson. “These grants will
further help to improve our community by supporting services that
build our city up, creating a more promising future for
Tucsonans.”
In addition to the local grants, the NeighborhoodLIFT program
helped further the housing recovery in Tucson and South Tucson by
providing $4.5 million in down payment assistance grants and
program support to help more families achieve successful,
sustainable homeownership. The NeighborhoodLIFT event held in
Tucson on September 5-6, 2014 helped to create 207 new homeowners
in Tucson and South Tucson.
About NeighborhoodLIFT®
The NeighborhoodLIFT program is collaboration between
Wells Fargo Bank, N.A., the Wells Fargo Foundation, NeighborWorks
America, an independent non-profit organization, and local
non-profit organizations. The NeighborhoodLIFT program is
designed to provide sustainable homeownership initiatives in cities
deeply affected by the housing crisis. A video about the
NeighborhoodLIFT program is posted at
www.youtube.com/wellsfargo.
About Wells Fargo
In Arizona, Wells Fargo has 260 banking stores and nearly 15,000
team members. Wells Fargo & Company (NYSE:WFC) is a nationwide,
diversified, community-based financial services company with $1.7
trillion in assets. Founded in 1852 and headquartered in San
Francisco, Wells Fargo provides banking, insurance, investments,
mortgage, and consumer and commercial finance through more than
8,700 locations, 12,500 ATMs, and the internet (wellsfargo.com) and
mobile banking, and has offices in 36 countries to support
customers who conduct business in the global economy. With
approximately 266,000 team members, Wells Fargo serves one in three
households in the United States. Wells Fargo & Company was
ranked No. 29 on Fortune’s 2014 rankings of America’s largest
corporations. Wells Fargo’s vision is to satisfy all our customers’
financial needs and help them succeed financially. Wells Fargo
perspectives are also available at Wells Fargo Blogs and Wells
Fargo Stories.
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version on businesswire.com: http://www.businesswire.com/news/home/20150520005050/en/
Wells Fargo & CompanyLori Brown,
602-378-4434brownlo@wellsfargo.com
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